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it is amazing that 4 short months ago we were paying almost 4 dollars a gallon and now the low price in maine is $1.71.. what happened? don't get me wrong i enjoy the low price but what happened to make the price go back down.

Last edited by hide_from_the_kids; 12-05-2008 at 03:07 PM.
Reason: adjustment

The economy is in real bad shape. No matter what the price is people are struggling all over the world, so the price of crude has fallen off to levels not seen for 3 years.

It is good to have the price of gas low, but it shows just how bad things are all over. It is just going to get worse as the government is now just printing money as they need it. Pretty soon it will take a wheelbarrow full of money just to buy a loaf of bread.

Originally Posted by hide_from_the_kids

it is amazing that 4 short months ago we were paying almost 4 dollars a gallon and now the low price in Maine is $1.71.. what happened? don't get me wrong i enjoy the low price but what happened to make the price go back down.

One of the big reasons right now that the prices are low is that the ban on off shore drilling has been lifted. Not that we are currently getting any extra oil from it, but just the concept that it has been lifted has reduced the price.

If the new guy gets what he wants and reinstates the ban and adds the taxes he would like to add, we can easily be up to $4 or more for good.